UK Cybersecurity: Preparing for New Guidance

Presented by Aveksa 60 Minutes

From sophisticated Trojans to mobile malware, UK banking institutions and their customers are under attack by an evolving array of threats. At the same time, the regulatory landscape is shifting - the Financial Services Authority has split into two new agencies, and it also has conducted a review that will result in new cybersecurity guidance.

Join this session for expert insight on:

The current threat landscape for UK banking institutions;
The changing regulatory environment and how it will shape cybersecurity;
Strategies and solutions currently being deployed by institutions to enhance their security posture.

Background

Banking Trojans. Mobile malware. Socially-engineered account takeover schemes. In many ways, the UK banking threat landscape is in synch with the rest of the world.

But there are also some unique activities that bear watching. Among them:

The Eurograbber banking Trojan - which has proven to successfully compromise desktops and mobile devices, getting around commonly used two-factor authentication practices in Europe.
The Regulatory Shift - which has seen the 15-year-old Financial Services Authority split into two new agencies, the Financial Conduct Authority and the Prudential Regulatory Authority, each of which will weigh in on banking/security matters.
Cybersecurity Scrutiny - as evidenced by the UK's Information Commissioner's Office, which has levied stiff penalties against organizations for violations of the Data Protection Act. And the FSA, before its dissolution, initiated a cybersecurity review of 30 major financial institutions - a review that is expected to result in the publication of an updated Business Continuity Management Practice Guide.

Amidst such evolution and change, now is a good time for UK banking institutions to assess their current security posture and establish new goals to enhance security to withstand emerging threats, as well as new regulatory standards.

In this session, registrants will benefit from short presentations and an interactive panel discussion among participants who will represent:

An expert's view on evolving threats and the shifting regulatory landscape;
A security vendor's perspective on solutions financial institutions are adopting to improve cybersecurity;
One specific institution's approach to the threat and regulatory challenges.